ProMarket is the publication of the George J. Stigler Center for the Study of the Economy and the State at the University of Chicago Booth School of Business. ProMarket is an academic forum focused on topics of special interest capture, antitrust, political economy, and the future of capitalism. Economists have become increasingly technical and specialized, […]| ProMarket
Environmentally conscious critics of artificial intelligence worry about the massive amounts of energy and fresh water its data centers require. Alessio Terzi writes that in the long term, and with the help of government regulation, the benefits of AI-accelerated innovation will outweigh the short-term environmental costs we now observe.| ProMarket
Joel Seligman's article examines the historical debate surrounding the Securities and Exchange Commission's mandatory corporate disclosure system, focusing on George Stigler's influential 1964 critique and subsequent discussions. While acknowledging Stigler's role in sparking important questions about regulatory necessity, Seligman argues that critics often underestimated the historical evidence of securities fraud and the need for public market confidence, ultimately defending the continued ...| ProMarket